The 1day candle has reached the breakout target with precision

Just wanted to point out how precise the Bull flag projected breakout target was with where our current 1 day candle is stopping and finding resistance. No big surprise there because bull flag breakout projection targets are always pretty close but it's always fun when the price stops right smack dab at the projected target and just futher confirmation that TA works. As you can see we have broken above the top dotted blue trendline of the rising wedge....that trendline represents the candle bodies. However just to be safe since the bottom part of the wedge seemed to have more touches at the wick we can see where I have drawn another rising wedge top trendline in solid blue above the dotted rising wedge top trend line. The difference between the 2 is simply that the lower one represents the top of the rising wedge if we are using candle bodies to track the trend, and the top blue line represents the top trendline if we are using the wicks/shadows of the candlesticks to track the trend...so while it's an extremely positive sign that we have surpassed the dotted rising wedge trendline....and that could very well be all thats need for a bullish breakout from the wedge...probability is higher that the top blue trendline trending off of the candles wicks is more accurate on this pattern since the bottom is getting more touches on the wicks....you can see in our previous consolidation pattern both the wick pattern(symmetrical triangle dotted green lines) and the body trendline pattern(standard bull flag solid green lines) ended up both being valid and somehow synced up...with both having the exact same bullish breakout price target based on the size of the symmetrical triangle and size of the bull flag...that is very rare....more often then not its one pattern or the other that is more valid. So for that reason I often try to consider both just in case one may be more valid than the other. SO for now there's a possibility we have broken up out of the rising wedge...we were certainly finding resistance at the body trendline...but then again there was a fib line at that level too....however unless we see a ig surge of bull volume I'm not convinced we have broken through the rising wedge just yet...if we do not then odds are much better the trendline drawn on the candle wicks will be thevalid one....and if that's the case a the wick trendline will lengthen the rising wedge bringing it's apex to an exact point and intersection with my projected moment that the eve bottom trendline reaches the neckline of the Adam & Eve double bottom. Very peculiar...but because of this that simply strengthens the odds that my trajectory for the eve curved trendline is spot on. If so, we should have quite the bear/bull fight if we stay inside this rising wedge all the way until the adam and eve double bottom. Many bears will expect to break down from the rising wedge and tons of bulls will expect that we are going to break the neckline and go shooting up to $17,400 I personally will be leaning towards siding with the bulls since I will be factoring in the large descending wedge pattern from the weekly chart that we broke out of and the fact that it's upward projection target is 18,800. However I will be prepared for any breakdown from the rising wedge that may occur...although any that does has better odds of being a bear trap than it actually will have of negating or canceling out our adam and eve double bottom/weekly chart descending triangle breakout. You of course should make your own decision however for this is like all my other ideas not meant to be considered financial advice. Best of luck and thanks for reading!

Comment:

s3.amazonaws.com/tra...shots/w/WMUHGYHv.png here is a more zoomed out picture of the wedge and where it potentially meets with the eve trendline...the crossing point seems like a crazy coincidence but it makes since that both bearish sentiment and bullish sentiment would come to a tipping point at such a crossroads....the rising wedge was drawn on the 4hr chart and the adam and eve were drawn on the 1 day chart....to reiterate if you use the top wicks for the rising wedges top trendline instead of the bodies we can see we are potentially not broken out of the wedge just yet...buy using the wicks for the trendline, it also lengthens the wedge in a way that the apex of the wedge reaches its point exactly where the trajectory of my curved eve bottom trendline reaches the neckline of the adam and eve double bottom pattern....thats crazy...that means we could potentially be stuck inside this wedge the entire way to the top of the adam and eve double bottom neckline unless we have a very bullish breakout here soon to tell us that the body trendline was valid. I think it's more likely to be the ladder